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03/27/13 9:54 AM

#7054 RE: tom favata #7048

Tom, while I am trying to get clarification, any truth to the matter that the shares subject to the Q option, were MK's personal shares and that when the option agreement terminated, due to Q not making full payment, the $1.7MM Q paid toward the option, became personal income of MK, resulting in a large tax payment.

EDIT: And hence, MK's attempt to classify the $1.7MM as a loan rather than a payment toward an option, as well as, to restructure the agreement with Jeff, that the shares were MS treasury shares vs. MK's personal shares.